If any of my readers read my post last week, then Square’s announcement of a full-stack product aimed at full-service restaurants shouldn’t have been a surprise :). I fully expect to see Square continue to expand their products into a more full stack approach verticals including restaurants, small businesses, franchises, and more. Wouldn’t be surprised to see other payment processors (and financial institutions) do something similar, particularly those with POS hardward or software in market.

Keeping this weeks blurb short, a lot of the articles this week are paywalled but in case you don’t have a subscription, just add outline.com/ in front of the URL.

The restaurant industry has nearly $1 trillion in annual sales, and Jack Dorsey wants to take a bigger bite out of it. Dorsey’s payments company, Square Inc., is launching its first product aimed at full-service restaurants, a large part of the industry that was projected to have $799 billion in sales last year, according to the National Restaurant Association.

A frontal assault on credit card companies is being launched by the global airline industry and Deutsche Bank with a new electronic real-time payment system for plane tickets that seeks to save carriers billions of euros in transaction fees. The new system for web-based ticket sales to individual passengers, which does not have a brand name yet, is scheduled to be rolled out across Europe from the end of 2018, with Germany as the first market.

Key will come down to integration + adoptions, it’s easy to maintain a ledger of payments between a group of third parties if everyone is in the network, but gets incredibly difficult if entities are outside the network. Case in point, correspondent banking is a complete mess with every bank having a nostro account at every other bank.

Lyft is moving ahead with tests of the All-Access plan, a monthly subscription service for rides through the Lyft platform. In the next couple of hours, a select group of riders will see an option to sign up for a waitlist to be part of Lyft’s next round of All-Access invitations.

Microsoft’s answer to Android Pay and Apple Pay that was originally launched in 2016 as Microsoft Wallet — is getting a little more useful today. At Build, Microsoft announced that it will be integrating its digital wallet service into Outlook. This means that, for the first time, when a company sends you an invoice in an email, and you are using Outlook to read it, you can pay that bill directly, without needing to leave Outlook and open a different app or service. Instead, a panel that will open to the right of the main one by way of Microsoft’s Adaptive Cards.

List of partners are all very tech-forward, compared to more traditional invoicing + processing platforms.

Facebook is also building a new team dedicated to blockchain technology. David Marcus, the executive in charge of Facebook’s standalone messaging app, Messenger, is leaving that post to run the blockchain group, these sources said. That new team will fall under one of the other three divisions, referred to as “New platforms and infra,” which will be managed by CTO Mike Schroepfer.

Goldman Sachs spends about $400 million each year on buying data from third-party sources, according to one executive’s estimate. That figure includes simple things like the data used by investment bankers to value companies and industries as well as more complex datasets such as credit-card transactions or real-time closed caption feeds from television stations across the globe, he said.

Social Finance Inc., a startup looking to offer a range of banking services to millennials, is working on a credit card and is bringing in a former Citigroup Inc. executive to help oversee the initiative, said people familiar with the matter.The San Francisco-based company hopes to offer credit cards within the next year, said the people, who asked not to be identified because the plans are private.

Reading this as SoFi needing to expand and diversify revenue streams (interchange++) than anything else, but would be curious to see what the credit card product will offer.